Time: Students can start their studies approximately within a week after enrolling on this course. The estimated time for completing this course is two months.The first start is 27th September.
Place: Online studies
Extent: 5 ECTS credits
Target group: Everyone interested in the topic
Lecturer: Juha Häkkinen

Credited in degree at Xamk: All Bachelor level degrees at Xamk
Enrolment by: 23 October 2022. This is a nonstop start and students can start their studies approximately within a week after enrolment.
Price: Free of charge

Note that you can enrol for Open UAS studies at the maximum of 50 ECTS credits per semester. One person’s enrolments exceeding 50 ECTS credits are deleted in the enrolment order. Paying attention to this is important when planning your studies.

Please also notice, that
Xamk degree students cannot enrol on Open UAS courses.

Learning outcomes: 

You are able to take into account the financial goals of a service enterprise and act accordingly from the leadership point of view.
You are able to interpret financial information.
You are able to utilize financial information in management decision making.
You are able to apply the most common price setting methods.

Contents and methods: 

How can the profitability of a service enterprise be affected?
How does the price setting affect the profitability of an enterprise?
What do financial statements indicate about the financial situation of a service enterprise?
What kind of key ratios and indicators can be used in analyzing the economic situation of a service enterprise?
What kind of calculations can be used in decision making?

The course covers 5 ECTS credits, totalling 135 hours of student work. The number of hours is theoretical and varies according to student effort.

The completion of the course is based on the student's own active work; getting to know the materials and answering exams. Course schedules must be followed. The course completion is automated. Exams on duty freely within the deadline. More detailed instructions on the course's Learn website. The course consists of nine topics and the nine related quizzes or exams. The student can complete the assignments on their own schedule. 

Study material: 

The main book (Book is not mandatory):

Elliott, B. and Elliott, J. (2019) Financial Accounting and Reporting (19th edn), Harlow, Essex, Pearson Education Limited.

The study material can be found on the Learn website of the course. The studies are based on material there or linked therein.


a. You can use professional vocabulary related to leadership in financial administration.
d. You can evaluate operations considering leadership in customer, user, and other target group situations.
e. You can choose the most appropriate models and methods and justify your choices.

The course is automated. The evaluation is based entirely on the total number of points received from online exams and online quizzes. The limit for passing the course and grade 1 is 50% of the total score.


Transcript of records will be delivered by request by email in PDF form.

This course is based on the curricula of Xamk's degree programmes and the Finnish credits are fully compatible with the ECTS.

Additional information on enrolment:
Open University of Applied Sciences office, email: openstudies@xamk.fi.

Terms of cancellation: 
If you are not able to participate in the course, please let us know as soon as possible by email openstudies@xamk.fi.

Before the course starts, you'll receive an invitation by email to this course.

Please note that there can be changes in the course details in terms of the timetable and teachers, for example.


South-Eastern Finland University of Applied Sciences is audited by the Finnish Education Evaluation Centre (FINEEC).

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